Wednesday 26 July 2017

MARKET TREND 27/07/2017

Yesterday the July Expiry Nifty Future also crossed 10,000 mark and closed above 10k. This indicates a stable and further move towards 10079.

Bank Nifty Future moved very fast after crossing 24575 which was indicated in my view. I am sure most of the persons would have got the benefit of going long in futures or calls based on the above technical view.

Today being expiry day, we must stick to  technical.

Nifty future maximum upside move 10080//10120.

Bank Nifty have already performed beyond the limits and a rally beyond 25000 is possible only if BNF stays above 24861 for more than 5 minutes today. Till then it will be range bound between 24575-24750.

Any close below 24575 will take to next level 24455.  Trade with caution.  Do not expect big fire works today.

Happy Trading!

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